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(Forbes)   So Walmart, how is that practice of hiring workers for crummy, low-wage jobs while your competitors pay higher wages doing for your company's growth?   (forbes.com) divider line 203
    More: Fail, U.S. Walmart, Costco, American Customer Satisfaction Index, Harvard Business Review, J.C. Penney, salary, workers  
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7890 clicks; posted to Business » on 17 Apr 2013 at 2:30 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-04-17 12:37:22 PM
There'll always be dolts who are willing to work there. They're their customers as well.
 
2013-04-17 12:38:57 PM
costco is where it's at, baby.
 
2013-04-17 12:42:34 PM
Ahhh the free market at work. Warms my heart.
 
2013-04-17 12:42:54 PM
Their sales went up, just not very much. So I'd say Walmart is doing just fine...
 
2013-04-17 12:48:11 PM
Yeah I dislike Walmart as much as anybody but they don't really need to grow. They've pretty much saturated every market in the US.
 
2013-04-17 12:49:45 PM
So, conservatives, please explain how a company with higher than average labor costs didn't keel over and instantaneously die?
 
2013-04-17 12:49:54 PM

Honest Bender: Their sales went up, just not very much. So I'd say Walmart is doing just fine...


Apple reported the same profit as last year - several billion - and their stock tanked.  Doing fine is very relative these days.
 
2013-04-17 12:55:50 PM

Rev.K: So, conservatives, please explain how a company with higher than average labor costs didn't keel over and instantaneously die?


Higher than average prices?
 
2013-04-17 12:56:40 PM

Honest Bender: Their sales went up, just not very much. So I'd say Walmart is doing just fine...


The Waltons? Doing great.

The minimum wage employees? Doing less great.

The state and federal safety nets, and the taxpayers* who fund them? Taking a beating from all the employed people who need to avail themselves of those services (helped by the Walmart Office of Benefits of whateverthefark).

* including, in an ironic twist, the same Walmart workers who dutifully pay to FICA
 
2013-04-17 12:57:54 PM

Honest Bender: Higher than average prices?


So labor costs alone are not enough to cripple a business and shut its doors?

This could be groundbreaking.
 
2013-04-17 01:00:20 PM

Rev.K: So, conservatives, please explain how a company with higher than average labor costs didn't keel over and instantaneously die?


Libs abandoning Wal*Mart therefore it's the left's fault.
 
2013-04-17 01:02:22 PM
You mean it's possible that consumers like shopping at retailers that take care of their staff and ensure service is top quality?

Say it ain't so.

/Costco FTW
 
2013-04-17 01:04:58 PM

Rev.K: So, conservatives, please explain how a company with higher than average labor costs didn't keel over and instantaneously die?


Being non-union helps.
 
2013-04-17 01:05:51 PM
I guess the Walton family will just have to cry into their hundred billion dollars
 
2013-04-17 01:07:54 PM
Well, this is depressing. 'merikuh was built on disgruntled slave-labour! It's the end of an era.
 
2013-04-17 01:12:24 PM

SkinnyHead: Rev.K: So, conservatives, please explain how a company with higher than average labor costs didn't keel over and instantaneously die?

Being non-union helps.


Costco is non-union.  Wal-Mart is non-union.  Costco pays far more and is doing far better than Wal-Mart.  Why is Costco succeeding?
 
2013-04-17 01:29:47 PM
Meanwhile, Costco's primary competitor, Walmart, saw an anemic 1.2 percent rise in sales, while other competitors such as J.C. Penny andTGT +0.06% experienced even greater disasters in their sales results.

How is Walmart Costco's primary competitor?   Isn't Sams Club their primary competitor, both being bulk membership club shopping?

Granted, same company, but, they were trying to pick a specific store here it seems like.
 
2013-04-17 01:32:43 PM

dletter: Meanwhile, Costco's primary competitor, Walmart, saw an anemic 1.2 percent rise in sales, while other competitors such as J.C. Penny andTGT +0.06% experienced even greater disasters in their sales results.

How is Walmart Costco's primary competitor?   Isn't Sams Club their primary competitor, both being bulk membership club shopping?

Granted, same company, but, they were trying to pick a specific store here it seems like.


You seem to have answered your own question.
 
2013-04-17 01:33:09 PM
Wal-Mart merchandise remains stacked on pallets in the warehouse rather than making it to the floor

I was at our local WalMart on Sunday to get some paper for my son for an art project and I was surprised how empty some of the shelves were.
 
2013-04-17 01:34:58 PM
I'm more of a Target man myself. I pretty much never step foot in a Walmart if I can help it.
 
2013-04-17 01:35:54 PM

bdub77: I'm more of a Target man myself. I pretty much never step foot in a Walmart if I can help it.


You don't sound fat.
 
2013-04-17 01:39:54 PM

bdub77: I'm more of a Target man myself. I pretty much never step foot in a Walmart if I can help it.


Agreed. Going through Wal Mart is like being stuck at O'Hare: it could be worse, but I doubt it.
 
2013-04-17 01:43:22 PM
I'm too poor to shop at Walmart.

I can't afford to replace basic necessities all the time, so it's worth it to me to pay a higher premium for durable goods.
 
2013-04-17 01:46:42 PM

Honest Bender: Rev.K: So, conservatives, please explain how a company with higher than average labor costs didn't keel over and instantaneously die?

Higher than average prices?


I'm not convinced Costco has higher than average prices.
 
2013-04-17 01:48:07 PM
The problem with starting a race to the bottom is eventually you get there.
 
2013-04-17 01:48:48 PM

King Something: dletter: Meanwhile, Costco's primary competitor, Walmart, saw an anemic 1.2 percent rise in sales, while other competitors such as J.C. Penny andTGT +0.06% experienced even greater disasters in their sales results.

How is Walmart Costco's primary competitor?   Isn't Sams Club their primary competitor, both being bulk membership club shopping?

Granted, same company, but, they were trying to pick a specific store here it seems like.

You seem to have answered your own question.


No, I really didn't... I guess is the point here they were just talking about the "companies" and not the actual "stores"?

I guess that is the case then, but, I would still argue that Sam's Club is the competitor to Costco, as far as storefronts, not Walmart stores.   If you really wanted to make a good comparison, you need to split out Sam's Club's financials from the rest of "Walmart" as a corporation and compare just that to Costco.   Costco doesn't run any "non"-Warehouse club units, so, it isn't a fair "corporation to corporation" comparison.
 
2013-04-17 01:49:01 PM
To be fair, while both Costco and Walmart are both retail, they have completely different business models and product selection.  Costco focuses on bulk items and minimal selection but good quality/price ratio.  Walmart carries everything under the sun, and doesn't do bulk.  Sam's Club's performance would be a much better metric to compare against Costco, and either K-Mart or Target against Walmart stores.

Last I checked, Target and K-Mart pay their workers jack squat just like Walmart.
 
2013-04-17 01:50:17 PM
I went to the local Wal-Mart last weekend to replace a power cord for my Wii U (the wife vacuumed up the cord by accident).  At 3:00 on a Saturday afternoon, they had exactly two cash register lines open.  They had also replaced a few of the old-style registers with eight self-scan stations, none of which had item limits.

Purchasing one item took over 20 minutes of waiting at the self-scan.  I'd probably still be there if I waited in a line with an actual cashier.  Further validation of my theory that going to Wal-Mart is usually a bad idea.

/Sadly, they're the only department store in Greenfield, Indiana
 
2013-04-17 01:53:05 PM

ShawnDoc: To be fair, while both Costco and Walmart are both retail, they have completely different business models and product selection.  Costco focuses on bulk items and minimal selection but good quality/price ratio.  Walmart carries everything under the sun, and doesn't do bulk.  Sam's Club's performance would be a much better metric to compare against Costco, and either K-Mart or Target against Walmart stores.

Last I checked, Target and K-Mart pay their workers jack squat just like Walmart.


It is my understanding that Walmart views it's main competition to be Amazon. Walmart is considering rolling out a new program where their customers deliver products to other Walmart customers. It would work like this: you walk up to the register with your purchases, and the cashier identifies you as living near another customer, and offers you a discount to deliver something said customer ordered online. Here's an article about it.
 
2013-04-17 01:53:16 PM
As a retail drone, Walmart needs to suffer a bit considering they're the industry standard for downward pressure on wages and benefits.
 
2013-04-17 02:00:08 PM

thismomentinblackhistory: ShawnDoc: To be fair, while both Costco and Walmart are both retail, they have completely different business models and product selection.  Costco focuses on bulk items and minimal selection but good quality/price ratio.  Walmart carries everything under the sun, and doesn't do bulk.  Sam's Club's performance would be a much better metric to compare against Costco, and either K-Mart or Target against Walmart stores.

Last I checked, Target and K-Mart pay their workers jack squat just like Walmart.

It is my understanding that Walmart views it's main competition to be Amazon. Walmart is considering rolling out a new program where their customers deliver products to other Walmart customers. It would work like this: you walk up to the register with your purchases, and the cashier identifies you as living near another customer, and offers you a discount to deliver something said customer ordered online. Here's an article about it.


thismomentinblackhistory: ShawnDoc: To be fair, while both Costco and Walmart are both retail, they have completely different business models and product selection.  Costco focuses on bulk items and minimal selection but good quality/price ratio.  Walmart carries everything under the sun, and doesn't do bulk.  Sam's Club's performance would be a much better metric to compare against Costco, and either K-Mart or Target against Walmart stores.

Last I checked, Target and K-Mart pay their workers jack squat just like Walmart.

It is my understanding that Walmart views it's main competition to be Amazon. Walmart is considering rolling out a new program where their customers deliver products to other Walmart customers. It would work like this: you walk up to the register with your purchases, and the cashier identifies you as living near another customer, and offers you a discount to deliver something said customer ordered online. Here's an article about it.


Yeah, because there's NO way that plan would backfire . . . .
 
2013-04-17 02:08:43 PM

Mr. Coffee Nerves: The problem with starting a race to the bottom is eventually you get there.


We're not there yet.

...and if that doesn't scare you, you have no soul.
 
2013-04-17 02:09:43 PM

thismomentinblackhistory: ShawnDoc: To be fair, while both Costco and Walmart are both retail, they have completely different business models and product selection.  Costco focuses on bulk items and minimal selection but good quality/price ratio.  Walmart carries everything under the sun, and doesn't do bulk.  Sam's Club's performance would be a much better metric to compare against Costco, and either K-Mart or Target against Walmart stores.

Last I checked, Target and K-Mart pay their workers jack squat just like Walmart.

It is my understanding that Walmart views it's main competition to be Amazon. Walmart is considering rolling out a new program where their customers deliver products to other Walmart customers. It would work like this: you walk up to the register with your purchases, and the cashier identifies you as living near another customer, and offers you a discount to deliver something said customer ordered online. Here's an article about it.


Yeah, we already had the thread about that calling it stupid and who wants a random methhead delivering packages to their door.
 
2013-04-17 02:39:22 PM
Look, if you spend all your money on your workers, how are you going to have any left over to bribe Mexican officials?
 
2013-04-17 02:42:20 PM
s3.amazonaws.com
 
2013-04-17 02:43:13 PM

thismomentinblackhistory: I'm too poor to shop at Walmart.

I can't afford to replace basic necessities all the time, so it's worth it to me to pay a higher premium for durable goods.


Sadly not enough people have your wisdom. Buy a cheap power drill, you'll buy another in a few years. Buy a damn good power drill, your kids will use it after you retire.

I caught on to Wal-Mart. Those 'low, low prices' usually = absolute shiat Made In China products with very short life.
 
2013-04-17 02:46:31 PM
Welcome to Wal-Mart. I love you.
 
2013-04-17 02:47:10 PM

King Something: dletter: Meanwhile, Costco's primary competitor, Walmart, saw an anemic 1.2 percent rise in sales, while other competitors such as J.C. Penny andTGT +0.06% experienced even greater disasters in their sales results.

How is Walmart Costco's primary competitor?   Isn't Sams Club their primary competitor, both being bulk membership club shopping?

Granted, same company, but, they were trying to pick a specific store here it seems like.

You seem to have answered your own question.


pretty sure Sams club and walmart are the ones that merged, aren't they?
 
2013-04-17 02:51:30 PM

KrispyKritter: thismomentinblackhistory: I'm too poor to shop at Walmart.

I can't afford to replace basic necessities all the time, so it's worth it to me to pay a higher premium for durable goods.

Sadly not enough people have your wisdom. Buy a cheap power drill, you'll buy another in a few years. Buy a damn good power drill, your kids will use it after you retire.

I caught on to Wal-Mart. Those 'low, low prices' usually = absolute shiat Made In China products with very short life.


What the hell do you buy at Wal-Mart??!?  I buy things like shampoo, toothpaste and shirts for painting in.

And it doesn't matter what kind of drill you buy.  Power drills last around 10-15 years before the bushings wear out.  And that's if the batteries don't die before that.
 
2013-04-17 02:53:21 PM

gameshowhost: There'll always be dolts who are willing to work there. They're their customers as well.


My GOD!  It is beautiful.

There, their and they're all used correctly right next to each other.

And it was said it couldn't be done.  At least not of Fark.
 
2013-04-17 02:56:22 PM

MadHatter500: gameshowhost: There'll always be dolts who are willing to work there. They're their customers as well.

My GOD!  It is beautiful.

There, their and they're all used correctly right next to each other.

And it was said it couldn't be done.  At least not of Fark.


Don't forget there'll.
And his other brother.
 
2013-04-17 02:58:15 PM

GAT_00: SkinnyHead: Rev.K: So, conservatives, please explain how a company with higher than average labor costs didn't keel over and instantaneously die?

Being non-union helps.

Costco is non-union.  Wal-Mart is non-union.  Costco pays far more and is doing far better than Wal-Mart.  Why is Costco succeeding?


Better employees, better service, better products marketed to a more affluent customer, better public image.  Love me some costco.

Wal Marts are to a T dirty, even the lighting is awful.  Their customers are even more disgusting.
 
2013-04-17 02:59:48 PM

bdub77: I'm more of a Target man myself. I pretty much never step foot in a Walmart if I can help it.


Why target? They pay their employees squat and do the same anti-union stuff Walmart does to their employees. Hate both of them, but do shop at walmart for food because its sometime half price for the stuff I could get down the street at safeway. I like trader joe's too but not big on their limited selection of weird organic stuff.

thismomentinblackhistory:  It would work like this: you walk up to the register with your purchases, and the cashier identifies you as living near another customer, and offers you a discount to deliver something said customer ordered online. Here's an article about it.


One of the dumbest business ideas in history. "pay for gas on the way there." Well that's great, how about you pay me the minimum wage in my state since I have to devote my time to delivering your crappy goods?
 
2013-04-17 03:01:19 PM

Honest Bender: Their sales went up, just not very much. So I'd say Walmart is doing just fine...


Stock prices only go up on growth.  Since few companies offer dividends anymore, the only way to make money (beyond maybe inflation) on  your purchase is if the company grows.  So as an imperative to stock holders, a company must always grow, no matter what.
 
2013-04-17 03:03:26 PM
Wow, the members-only golf club is a better golfing experience than the local par-3 course.  Plus they pay their greenskeepers more and made more money.

Who'da thunk it?
 
2013-04-17 03:04:19 PM

Shazam999: KrispyKritter: thismomentinblackhistory: I'm too poor to shop at Walmart.

I can't afford to replace basic necessities all the time, so it's worth it to me to pay a higher premium for durable goods.

Sadly not enough people have your wisdom. Buy a cheap power drill, you'll buy another in a few years. Buy a damn good power drill, your kids will use it after you retire.

I caught on to Wal-Mart. Those 'low, low prices' usually = absolute shiat Made In China products with very short life.

What the hell do you buy at Wal-Mart??!?  I buy things like shampoo, toothpaste and shirts for painting in.

And it doesn't matter what kind of drill you buy.  Power drills last around 10-15 years before the bushings wear out.  And that's if the batteries don't die before that.


Sometimes I'll buy something if it's a reputable brand. I bought some pyrex glass storage bowls because my parents have had the same pyrex bakeware and measuring cups for almost 30 years. I also recently bought a 60$ vacuum because it was a dirt devil and I desperately needed a vacuum. Saving up for a dyson though.

Point is, it's okay if you know you get what you pay for. I need a vacuum that will last a few months until I get the really good one. Walmart is good for those purchases.
 
2013-04-17 03:05:24 PM
Part of it also comes down to firing gold brickers and WalMart grade employees. Sure, retention of a trained employee is a thing, but I doubt they're putting much money into training.
 
2013-04-17 03:11:52 PM
Wal-Mart's model is cheap everything.  There really isn't anywhere for them to go.
 
2013-04-17 03:12:56 PM

thismomentinblackhistory: ShawnDoc: To be fair, while both Costco and Walmart are both retail, they have completely different business models and product selection.  Costco focuses on bulk items and minimal selection but good quality/price ratio.  Walmart carries everything under the sun, and doesn't do bulk.  Sam's Club's performance would be a much better metric to compare against Costco, and either K-Mart or Target against Walmart stores.

Last I checked, Target and K-Mart pay their workers jack squat just like Walmart.

It is my understanding that Walmart views it's main competition to be Amazon. Walmart is considering rolling out a new program where their customers deliver products to other Walmart customers. It would work like this: you walk up to the register with your purchases, and the cashier identifies you as living near another customer, and offers you a discount to deliver something said customer ordered online. Here's an article about it.


Holy shiat, seriously that is their plan?

Did the legal counsel they have on retainer think this up as a way to make more money for themselves?
 
2013-04-17 03:13:57 PM

I_Am_Weasel: Honest Bender: Rev.K: So, conservatives, please explain how a company with higher than average labor costs didn't keel over and instantaneously die?

Higher than average prices?

I'm not convinced Costco has higher than average prices.


I have a spreadsheet that proves it.
 
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